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this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insulting. belittling and in the end, sad. >> senate republican leader mitch mcconnell didn't join n after
this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to...
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Dec 29, 2012
12/12
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this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. by passing house speaker john boehner who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell, to lay out a deal. >> if we don't see an agreement between the two leaders and the senate, i expect a bill to go on the floor. and i have asked senator reid to do this. put a bill on the floor that makes sure that taxes on middle class families don't go up. that unemployment insurance is still available for two million people. and that lays the ground work for deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. >> as for the leaders they sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting
this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. by passing house speaker john boehner who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell, to lay out a deal. >> if we don't see an agreement between the two leaders and the senate, i expect a bill to go...
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Dec 26, 2012
12/12
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the press as returning to the white house to work i fiscal cliff deal before the year and. without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can see it is at very scattered in this area. the shower is rather berkeley while my creek but they are very light right now. palo alto and east palo alto and the fattal of valley as well use the moderate to heavy rainfall. cupertino, this san rafael, san jose getting a lot of rain this morning. you can see out toward santa clara and downtown san jose looking at very wet conditions. rain coming down up to half an inch an hour but these are fairly fast moving headed to the south east. they will only last a few minutes. this morning scattered showers are likely anyway also experienced some gusty
the press as returning to the white house to work i fiscal cliff deal before the year and. without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can...
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Dec 29, 2012
12/12
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and top congressional leaders at the white house today. still no deal on avoiding the "fiscal cliff". the president does say he's optimistic. the main sticking point continues to be tax rates for the wealthy. just a day after oakland's top officials unveiled a new plan to fight crime. three people were killed overnight. two young men were gunned down about one this morning. about an hour and a half later. a woman was found stabbed to death. no arrests have been made.. chevron now has the okay to move forward with plans to repair the crude unit that burst into flames at its richmond refinery in august. the company will be able to use a type of pipe that has created a lot ofthe state's chemical safety board does not think it's the best choice for preventing corrosion. in bay area news. j. gamow we could see more rainfall longer coast. half moon bay, light rain and it will continue to press south slowly towards the coast. however, it is impacted to impact the coast. >> catherine: there are new charges tonight in a brutal home invasion crime i
and top congressional leaders at the white house today. still no deal on avoiding the "fiscal cliff". the president does say he's optimistic. the main sticking point continues to be tax rates for the wealthy. just a day after oakland's top officials unveiled a new plan to fight crime. three people were killed overnight. two young men were gunned down about one this morning. about an hour and a half later. a woman was found stabbed to death. no arrests have been made.. chevron now has...
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Dec 31, 2012
12/12
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we are told by the white house press pool that this is not expected to be a press conference where the president will answer questions but in fact just a statement will have middle class americans raid behind him as the white house sometimes does when it wants it make a political point. based on that, i would think that you would not expect that there's an announcement of any deal coming here but more rhetoric from the president about where he wants to see the deal go later on today. thanks so much. >> the stock market would be disappoint fed that is under fact the case. right now, the dow jones is moving to highs of the day on anticipation that well get some kind of positive announcement from the president at 1:30. we'll be back after this.
we are told by the white house press pool that this is not expected to be a press conference where the president will answer questions but in fact just a statement will have middle class americans raid behind him as the white house sometimes does when it wants it make a political point. based on that, i would think that you would not expect that there's an announcement of any deal coming here but more rhetoric from the president about where he wants to see the deal go later on today. thanks so...
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Dec 26, 2012
12/12
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obama led among women and minority voters while romney led among white means and banana republic mannequins. romney lost his home state of massachusetts. paul ryan lost his home state of wisconsin. i would not want to be paul ryan's shake weight today. probably getting a vigorous. a lot of people are wondering what the president will do differently in his second term. i'm hoping obama announces this will be the black half of his presidency. [ applause ] the last four years were pretty white. i'd like to see him put a little more funk in it. i'd like to see him turn this mother out for a change. i heard a lot of people sail over the last few weeks that if obama wins, they're going to move to canada. how come nobody threatens to move to mexico? [ laughter ] must be depressing for them. they're just as close. they're closer to us here. the presidential election is that special time every four years when americans gather around their tvs to be reminded where the states are on a map. [ laughter ] when did they put vermont up in the corner there? that was recent, right? they changed that. fox new
obama led among women and minority voters while romney led among white means and banana republic mannequins. romney lost his home state of massachusetts. paul ryan lost his home state of wisconsin. i would not want to be paul ryan's shake weight today. probably getting a vigorous. a lot of people are wondering what the president will do differently in his second term. i'm hoping obama announces this will be the black half of his presidency. [ applause ] the last four years were pretty white....
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Dec 24, 2012
12/12
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white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> as a practical matter it's already too late for employers to accurately withhold taxes from january paychecks unless there is no change. so workers will feel immediately that 2% hike in the social security tax in those first january pay checks. bill? >> hampton, good to see you. merry christmas. we'll see you later. >> merry christmas to you. >> our next guest says he is unlikely to support any deal the president and speaker can come up with. republican senat
white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the...
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Dec 31, 2012
12/12
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suzanne. >> thank you. >>> president obama expected to speak at the white house. we're looking at about five minutes away or so. we'll bring it to you live as soon as he begins. we'll have, of course, our team of reporters to do some analysis. we'll take a quick break and be right back. >>> welcome to viewers across the country and around the world. the fiscal cliff talks now intensifying. any minute now we'll see president obama. he's delivering a statement from the white house on the ongoing fiscal cliff negotiations. of course, we're watching and waiting. we'll bring that to you live as soon as it starts. you see the podium there. already been set up awaiting his remarks. negotiations have been led by the vice president as well as mish mcconnell. we understand they have made some progress, but there are some unresolved matters as well. we'll bring in our correspondents and anchors covering this from all aangles here, this breaking news, of course. wolf blitzer here in washington along with dana bash, chief white house correspondent jessica yellen and cnn busine
suzanne. >> thank you. >>> president obama expected to speak at the white house. we're looking at about five minutes away or so. we'll bring it to you live as soon as he begins. we'll have, of course, our team of reporters to do some analysis. we'll take a quick break and be right back. >>> welcome to viewers across the country and around the world. the fiscal cliff talks now intensifying. any minute now we'll see president obama. he's delivering a statement from the...
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Dec 26, 2012
12/12
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. >> christmas vacation is cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now most of the showers are starting to decrease. futurecast 4 shows that some showers will be in the south bay but that will be scattered. by the late afternoon we may see sunshine as we start to clear out the skies. the sierra forecast shows a they have a winter storm advisor. they are expected to receive three to 6 in. of snow. this is great news for snow boarders and skiers. >> the highs for today will be in the mid '50s for oakland and
. >> christmas vacation is cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking...
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Dec 29, 2012
12/12
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he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick in. our political analyst michael yaki is here. we are getting a little bit of the detail what are you hearing? >> the latest news is that they are coalescing around a tax increase only of $400,000 in income. there will also patch the and, and haggling on the estate tax. and possibly the fix for doctor's reimbursement for senior medical services. for medicare. and extending unemployment benefits and also heckling if they're going to continue the $50 billion for domestic defense spending for later. that is probably what they're going to do if i was the president
he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick...
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Dec 26, 2012
12/12
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christmas celebrations were cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a ro
christmas celebrations were cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous...
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Dec 31, 2012
12/12
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brianna keilar is at the white house. what do you think new gun control regulation is going to be an uphill battle for the president? >> reporter: that's the thought. president obama addressed this. he admitted this is something that's difficult and has been historically to get through congress because there are a number of democrats as well as republicans who support gun rights. but he said for him at least he felt like what happened in newtown was different in that it changes things. he also said the day of the shooting in connecticut that it was the worst day of his presidency. he said that something fundamental has to change in america. here's what else he said on "meet the press." >> i'm going to be putting forward a package and i'm going to be making an argument to the american people about why this is important and why we have to do everything we can to make sure that something like what happened at sandy hook elementary does not happen again. ultimately, the way this is going to happen is because the american peop
brianna keilar is at the white house. what do you think new gun control regulation is going to be an uphill battle for the president? >> reporter: that's the thought. president obama addressed this. he admitted this is something that's difficult and has been historically to get through congress because there are a number of democrats as well as republicans who support gun rights. but he said for him at least he felt like what happened in newtown was different in that it changes things. he...
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Dec 31, 2012
12/12
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constant speculation as to whether she will run again for the white house. >> of the decision for her on any future bid for president expected in 2013, expect speculation about her future political plans to intensify drought the year. >> a new national survey indicates that the vast majority of democrats, 85 percent in fact, would consider backing her as their party's nominee. >> president obama is pledging to put its full weight behind legislation aimed at preventing gun violence. >> in an envious they would meet the press, obama voiced skepticism about proposals a place apart at schools following the mass shooting in newtown, conn. that killed 21st graders. >> i think the american people are skeptical that some how that will solve our problems. >> in his most is difficspecific remarks about gun violence is the deadly assault at sandy hook elementary school president obama says he still supports increased background checks and bans on assault weapons and high- capacity black magazines. >> obama is endorsing a proposal by the illinois state legislator to legalized gay marriage. >> thi
constant speculation as to whether she will run again for the white house. >> of the decision for her on any future bid for president expected in 2013, expect speculation about her future political plans to intensify drought the year. >> a new national survey indicates that the vast majority of democrats, 85 percent in fact, would consider backing her as their party's nominee. >> president obama is pledging to put its full weight behind legislation aimed at preventing gun...
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Dec 31, 2012
12/12
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and defend the deal that obama was cutting. i think that's why you saw obama make that statement. >> he was speaking to democrats. >> he was speaking to the base saying i am on the precipice of getting republicans to vote for a tax increase. they never, ever do that. give me some credit here. now, he did move his red line on the threshold for upper income tax hikes. he moved it from $250,000 to $400,000. the revenue is important. whether you get that from income tax rates or other taxes, it doesn't matter. the key is the overall revenue. and this whole battle here is about a revenue piece. >> you reduce the revenue from about $800 billion over ten years to what? $500 billion or something like that? >> that's right. or what they've done on limiting the deductions. that's another part of this that's going to raise more money. it's not going to make up for all that's lost on the changing the threshold, but there are other pieces on this. >> we're going to ask you to stick around. thank you very much. ali of course is with us throu
and defend the deal that obama was cutting. i think that's why you saw obama make that statement. >> he was speaking to democrats. >> he was speaking to the base saying i am on the precipice of getting republicans to vote for a tax increase. they never, ever do that. give me some credit here. now, he did move his red line on the threshold for upper income tax hikes. he moved it from $250,000 to $400,000. the revenue is important. whether you get that from income tax rates or other...
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Dec 25, 2012
12/12
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he's a big part of christmas decorations at the white house. all of the christmas trees have a lot of bo flakes, as they're called. snowflakes with bo in the middle so he factors big into the holiday. holiday cookies shaped like bo at the christmas party so christmas isn't really complete without the white house dog. and he, also, i wanted to show you some video that we have just released yesterday by the white house. this is the first lady visiting the children's national center in washington, d.c., reading "twas the night before christmas" and getting a little bit of help from bo. check it out. >> good afternoon. i'm the president and ceo of children's national. >> this is exactly what he does at home. he tries to beat malia and sacha to my lap. this is one of my favorite things to do during the holidays is coming to the children's hospital to see all of you. and i want to thank my escorts. gordon and a.j. you guys are awesome. >> he's a little big to be in the first lady's lap but don't tell that to bo. he doesn't think so. >> although her d
he's a big part of christmas decorations at the white house. all of the christmas trees have a lot of bo flakes, as they're called. snowflakes with bo in the middle so he factors big into the holiday. holiday cookies shaped like bo at the christmas party so christmas isn't really complete without the white house dog. and he, also, i wanted to show you some video that we have just released yesterday by the white house. this is the first lady visiting the children's national center in washington,...
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Dec 24, 2012
12/12
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what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahea
what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say...